Excerpt from: North America Supply Chain and Logistics Strategy
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| March 07, 2008 | | The improvements planned would increase the port’s capacity, add an intermodal rail facility, and help the area recover from damage from Hurricane Katrina. | The Port of New Orleans is planning on spending $1 billion dollars by 2020 to increase its container capacity, expand cruise facilities, and recover from Hurricane Katrina. The competition between ports is very high, and New Orleans will need to improve their operations to regain market share. They would spend $574.4 million through 2012. The proposal is small compared to competing ports such as Houston’s $4.7 billion dollar improvement project and Tampa’s $1.7 billion dollar project. The first expansion would add 194,000 containers to a current annual capacity of 366,000 containers. A second phase, planned for 2013, would bring the capacity to 1.3 million containers annually. The plan also includes: § $22.5 million to redevelop a wharf as a third cruise terminal and provide enclosed gangways. § $25 million to build an intermodal rail facility that can handle ocean freight containers transferred directly to rail cars § $149 million to complete repairs of damage caused by Hurricane Katrina The improvements can bring a lot of business back to the New Orleans area and it can be considered a good port of entry into the United States. | | |
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